114 Elm St Cambridge, MA 02139
The Port NeighborhoodEstimated payment $16,246/month
Highlights
- 0.12 Acre Lot
- Property is near public transit
- Park
- Deck
- Wood Flooring
- 4-minute walk to Edward Sennott Park
About This Home
12/6 OPEN HOUSE IS CANCELED! SELLER ACCEPTED AN OFFER! ATTENTION DEVELOPERS & INVESTORS: Rare opportunity in one of Cambridge’s most desirable and fast-growing neighborhoods. Ideally located between Inman and Central Squares, this 5,173 sq. ft. lot includes three spacious residential units generating ~$165,000 in existing annual rent, providing strong cash flow while you plan your project. Zoning studies by a respected local architectural firm highlight exceptional flexibility: the site can support a 6-story building with 20+ luxury condos, maximizing the property’s full development potential. For a simpler path, it is also well-suited for a boutique 4-unit luxury townhouse project, offering 2000+ sq. ft. per unit with covered parking. A rare Cambridgeport offering with outstanding upside.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,089
Year Built
- Built in 1930
Parking
- 2 Car Garage
- Off-Street Parking
Home Design
- Block Foundation
- Stone Foundation
- Frame Construction
Interior Spaces
- 3,795 Sq Ft Home
- Property has 1 Level
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Full Bathrooms
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Location
- Property is near public transit
- Property is near schools
Additional Features
- Deck
- 5,173 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number M:00086 L:00097,403194
Community Details
Recreation
- Park
Additional Features
- 3 Units
- Shops
- Net Operating Income $165,600
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,089 | $1,903,800 | $914,900 | $988,900 |
| 2024 | $11,291 | $1,907,200 | $955,000 | $952,200 |
| 2023 | $10,669 | $1,820,600 | $971,100 | $849,500 |
| 2022 | $9,936 | $1,678,400 | $910,600 | $767,800 |
| 2021 | $9,548 | $1,632,200 | $893,100 | $739,100 |
| 2020 | $9,311 | $1,619,300 | $891,800 | $727,500 |
| 2019 | $8,615 | $1,450,400 | $782,700 | $667,700 |
| 2018 | $8,002 | $1,272,100 | $673,500 | $598,600 |
| 2017 | $6,858 | $1,056,700 | $602,000 | $454,700 |
| 2016 | $6,456 | $923,600 | $504,200 | $419,400 |
| 2015 | $6,149 | $786,300 | $421,400 | $364,900 |
| 2014 | $5,641 | $673,100 | $338,700 | $334,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/05/2025 12/05/25 | Pending | -- | -- | -- |
| 11/20/2025 11/20/25 | For Sale | $2,900,000 | 0.0% | $764 / Sq Ft |
| 10/08/2024 10/08/24 | Off Market | $4,300 | -- | -- |
| 10/08/2024 10/08/24 | Off Market | $4,300 | -- | -- |
| 09/01/2024 09/01/24 | For Rent | $4,300 | 0.0% | -- |
| 07/12/2024 07/12/24 | For Rent | $4,300 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $1,285,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,139,500 | Unknown |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73456611
APN: CAMB-000086-000000-000097
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